APR-12-2007

Valspar Issues $350 Million Of Senior Notes

MINNEAPOLIS, Minn., April 12, 2007 - The Valspar Corporation (NYSE-VAL) announced today the pricing of a public offering of $200 million aggregate principal amount of 5.625% senior unsecured notes due May 1, 2012 and $150 million aggregate principal amount of 6.05% senior unsecured notes due May 1, 2017.

The public offerings were made pursuant to a registration statement filed with the U.S. Securities and Exchange Commission. Both transactions are expected to close on April 17, 2007 subject to customary closing conditions.

Valspar intends to use the net proceeds to pay at maturity its $350 million outstanding principal amount of 6.00% senior unsecured notes due May 1, 2007.

Barclays Capital and Wachovia Securities served as joint book-running managers for the offerings.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor should there be sale of these senior unsecured notes in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Investor Contact: Lori A. Walker, (612) 375-7350

Media Contact: Mike Dougherty, (612) 375-7802

The Valspar Corporation (NYSE:VAL) is a global leader in the paint and coatings industry. Since 1806, Valspar has been dedicated to bringing customers the latest innovations, the finest quality and the best customer service in the coatings industry.
For more information, visit www.valsparglobal.com.